Autodesk, Inc. |
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Condensed Consolidated Statements of Cash Flows |
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(In millions) |
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| Fiscal Year Ended January 31, | ||
| 2024 |
| 2023 |
| (Unaudited) | ||
Operating activities: |
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Net income | $ 906 |
| $ 823 |
Adjustments to reconcile net income to net cash provided by operating activities: |
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Depreciation, amortization and accretion | 139 |
| 150 |
Stock-based compensation expense | 703 |
| 657 |
Deferred income taxes | (86) |
| (277) |
Lease-related asset impairments | 14 |
| 34 |
Other operating activities | (52) |
| (8) |
Changes in operating assets and liabilities, net of business combinations: |
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Accounts receivable | 86 |
| (247) |
Prepaid expenses and other assets | (77) |
| (3) |
Accounts payable and other liabilities | (12) |
| (5) |
Deferred revenue | (316) |
| 798 |
Accrued income taxes | 8 |
| 149 |
Net cash provided by operating activities | 1,313 |
| 2,071 |
Investing activities: |
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Purchases of marketable securities | (1,110) |
| (397) |
Sales of marketable securities | 277 |
| 152 |
Maturities of marketable securities | 487 |
| 298 |
Purchases of intangible assets | (30) |
| (6) |
Business combinations, net of cash acquired | (70) |
| (96) |
Capital expenditures | (31) |
| (40) |
Other investing activities | (25) |
| (54) |
Net cash used in investing activities | (502) |
| (143) |
Financing activities: |
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Proceeds from issuance of common stock, net of issuance costs | 130 |
| 124 |
Taxes paid related to net share settlement of equity awards | (187) |
| (160) |
Repurchase and retirement of common stock | (795) |
| (1,101) |
Repayment of debt | — |
| (350) |
Net cash used in financing activities | (852) |
| (1,487) |
Effect of exchange rate changes on cash and cash equivalents | (14) |
| (22) |
Net (decrease) increase in cash and cash equivalents | (55) |
| 419 |
Cash and cash equivalents at beginning of the period | 1,947 |
| 1,528 |
Cash and cash equivalents at end of the period | $ 1,892 |
| $ 1,947 |